Investment in renewable energy may ease NSW electricity prices

The New South Wales (NSW) government has released a report outlining how they plan to implement changes to increase the amount of renewable energy available in the state.

Being able to utilise renewable technology could be just the ticket needed to help the state's residents to reduce their electricity prices.

This report announced on September 7 by energy minister Chris Hartcher and Parliamentary Secretary for Renewable Energy Rob Stokes, has revealed the NSW government’s scheme which intends to provide a secure, affordable and renewable energy future for the state.

"Building a strong renewable energy industry is vital to supporting employment and helping grow the NSW economy.

"We have heard loud and clear that people are fed up with soaring electricity prices which is why consumers have been front of mind in the development of this Plan," Mr Hartcher added.

The Renewable Energy Action plan outlines 28 ways that the state government can reach its goal of providing 20 per cent renewable energy by 2020.

The overall aim is to increase the amount of renewable energy expertise in the state.

The hope is that with a greater emphasis on renewable energy may go some way towards helping to ease electricity prices in the future.

Posted by Charlie Moore